Q1 Earnings Forecast for TBN Issued By Northland Securities

by · The Markets Daily

Tamboran Resources Corporation (NYSE:TBN – Free Report) – Northland Securities lowered their Q1 2027 earnings per share (EPS) estimates for Tamboran Resources in a research report issued on Monday, September 28th. Northland Securities analyst J. Grampp now expects that the company will post earnings per share of ($0.21) for the quarter, down from their prior forecast of ($0.19). The consensus estimate for Tamboran Resources’ current full-year earnings is ($0.47) per share. Northland Securities also issued estimates for Tamboran Resources’ Q2 2027 earnings at ($0.23) EPS, Q3 2027 earnings at ($0.23) EPS and FY2027 earnings at ($0.89) EPS.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tamboran Resources in a research report on Monday, July 6th. Zacks Research raised shares of Tamboran Resources from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.50.

Get Our Latest Analysis on Tamboran Resources

Tamboran Resources Stock Down 0.9%

TBN stock opened at $33.05 on Wednesday. Tamboran Resources has a 1-year low of $22.33 and a 1-year high of $52.21. The business’s 50 day simple moving average is $36.36 and its 200 day simple moving average is $35.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.16 billion, a PE ratio of -17.68 and a beta of -2.03.

Institutional Investors Weigh In On Tamboran Resources

Institutional investors have recently modified their holdings of the business. HITE Hedge Asset Management LLC grew its stake in shares of Tamboran Resources by 17.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 2,036,603 shares of the company’s stock valued at $55,457,000 after acquiring an additional 299,028 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Tamboran Resources in the 2nd quarter worth about $27,916,000. Encompass Capital Advisors LLC boosted its holdings in Tamboran Resources by 26.6% in the 4th quarter. Encompass Capital Advisors LLC now owns 713,698 shares of the company’s stock valued at $19,434,000 after purchasing an additional 150,000 shares during the period. HighTower Advisors LLC boosted its holdings in Tamboran Resources by 860.9% in the 2nd quarter. HighTower Advisors LLC now owns 456,751 shares of the company’s stock valued at $14,849,000 after purchasing an additional 409,218 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Tamboran Resources by 113.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 237,748 shares of the company’s stock worth $11,885,000 after purchasing an additional 126,549 shares in the last quarter.

Tamboran Resources Company Profile

(Get Free Report)

Tamboran Resources Corporation (NYSE:TBN) is an Australia-focused natural gas exploration and development company. The company’s primary asset base is located in the Beetaloo Basin in Australia’s Northern Territory, where it is pursuing the development of large-scale shale gas resources.

Tamboran’s activities include acquiring and evaluating exploration acreage, drilling and testing wells, and advancing infrastructure and commercial development plans for natural gas production. Its Beetaloo Basin portfolio includes the Shenandoah South and Amungee projects, which are intended to support future domestic gas supply and potential liquefied natural gas export opportunities.

The company was established to develop unconventional gas resources in Australia and has focused its operations on the Northern Territory rather than maintaining a broad international footprint.

See Also